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Tri-County Financial files for a $31 million IPO
By: Renaissance Capital
Tri-County Financial, which is the holding company for Community Bank, a Maryland-chartered commercial bank, filed on Thursday with the SEC to raise up to $31 million in an initial public offering. The Waldorf, MD-based company, which was founded in 1989 and booked $31 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol TCFC. The company is currently traded on the OTCQB under the same ticker. Keefe Bruyette Woods is the sole bookrunner on the deal. No pricing terms were disclosed.